West Jordan, Utah is a busy and growing suburb of Salt Lake City. From limos to taxis, snowplows, and heavy construction trucks, it is easy to find commercial vehicles on the city’s busy roadways. If your West Jordan business uses vehicles as part of your normal business operations, you will want to be sure that those vehicles are properly insured. A local independent insurance agent can help you find competitively priced commercial auto insurance that is compliant with state and federal laws.
Why Is Commercial Vehicle Insurance So Important?
Commercial vehicles face greater risks than most personal vehicles. Because different vehicles are used for different purposes, they automatically face different exposures to risks on the road. Commercial vehicles, and heavy trucks in particular, presumably travel more miles than the average personal vehicle and are therefore more likely to be involved in a crash. If one of your business-owned vehicles is involved in a crash, it’s very likely that you will be sued for damages. What’s more, property damage (your damaged or totaled vehicle) and loss of income (the vehicle is out of service) will place an even greater burden on your finances.
Any business that owns vehicles needs commercial auto insurance to protect itself from the large financial losses that can result after accidents involving their business-owned vehicles. And you even need coverage if you or your employees occasionally drive personal vehicles for business purposes. The state of Utah compiles crash statistics for a variety of different types of vehicles. In recent years, heavy trucks and buses had the highest fatal crash rate per registered vehicle in the state.
Utah total crashes by vehicle type
- Property damage only crashes, heavy trucks and buses: 3,261
- Injury crashes, heavy trucks, and buses: 840
- Fatal crashes, heavy trucks and buses: 27
How Much Does Commercial Auto Insurance Cost in West Jordan, UT?
The cost to cover business-owned vehicles can vary greatly from one company to the next. This is because rates are calculated according to a number of factors such as:
- The number of vehicles your business needs to insure
- The types of vehicles you are insuring (e.g., car, truck, van, etc.)
- The year, make, model, and safety features of each vehicle on your policy
- Each vehicle’s passenger capacity if they will be used to transport people
- Whether your vehicles will be used to transport hazardous materials
- Whether the vehicles will be used locally or for interstate commerce
- Information about the employees who will be driving the vehicles
- The amount of coverage you wish to include in your policy
Often, commercial vehicle insurance companies will offer policy discounts to policyholders who provide routine safety training and materials to their drivers and manage a fleet of well-maintained vehicles. If you are worried about the cost of your commercial auto insurance, making safety a top priority is a great way to help control costs.
How Much Commercial Vehicle Insurance Does My Business Need?
Commercial auto insurance coverage is determined by state or federal law, depending on:
- The type of vehicle
- The vehicle’s weight
- The number of passengers
- What the vehicle carries (e.g., innocuous goods or hazardous materials)
- Whether the vehicle is engaged in interstate commerce
Most small business owners don’t have to worry about federal regulations for their business-owned sedans, vans, or pickups. In these cases, Utah commercial auto insurance requirements are the same as for personal vehicles. All auto insurance policies in Utah must include:
- Personal injury protection (PIP): $3,000 minimum coverage requirement, pays your medical expenses and some lost income if you are injured in an accident.
- Bodily injury and property damage liability coverage: Pays for third-party medical bills and car repairs. Required limits are 25/65/15, or $25,000 per person, $65,000 per accident, and $15,000 for property damage.
Passenger carriers, freight carriers, trucks over 10,000 pounds, and vehicles that carry hazardous substances must follow federal regulations for liability insurance coverage.
What Does Commercial Auto Insurance Cover?
All commercial vehicle insurance policies in West Jordan will include the specific coverage required by law, at a minimum. Insurance companies also offer several types of optional coverage. You can choose the options that are most necessary for your needs.
- Collision coverage: Covers damage to your vehicle sustained in a collision, regardless of who was at fault.
- Comprehensive coverage: Covers the cost to repair damage to your vehicle due to non-collision events such as fires and property crimes.
- Uninsured motorist coverage: Covers your employee’s medical expenses and damage to your vehicle following an accident caused by an uninsured or underinsured driver.
- Towing and roadside assistance: Covers the cost of a service call if your company vehicle becomes disabled while it is out on the road.
- Non-owned or hired auto liability insurance: Provides liability coverage for non-owned vehicles being used for business purposes, such as when you rent or lease a vehicle or when you or an employee use a personal vehicle for business purposes.
You can also consider purchasing commercial umbrella insurance, which adds liability coverage that is beyond the limits of your commercial vehicle policy. A local independent insurance agent can help you decide which of these coverage options will benefit your West Jordan business.
Why Work with an Independent Insurance Agent?
Your commercial vehicle insurance should meet the unique needs of your business. A local independent insurance agent can answer your insurance-related questions and offer advice and guidance when you are building a suitable policy and shopping around for the best rates.
Contact an independent agent in West Jordan to start comparing quotes from multiple insurance companies.
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